Evergreen Wealth Management LLC Has $3.56 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Evergreen Wealth Management LLC increased its position in Microsoft Co. (NASDAQ:MSFT) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,440 shares of the software giant’s stock after acquiring an additional 154 shares during the quarter. Microsoft accounts for 2.1% of Evergreen Wealth Management LLC’s holdings, making the stock its 18th largest position. Evergreen Wealth Management LLC’s holdings in Microsoft were worth $3,557,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MSFT. Adamsbrown Wealth Consultants LLC boosted its holdings in Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after acquiring an additional 130 shares during the last quarter. Oak Ridge Investments LLC lifted its position in shares of Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares during the period. Focus Financial Network Inc. boosted its stake in shares of Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after purchasing an additional 1,489 shares during the last quarter. Campbell Wealth Management acquired a new stake in shares of Microsoft during the third quarter worth $3,314,000. Finally, Busey Bank raised its stake in Microsoft by 1.1% during the third quarter. Busey Bank now owns 472,040 shares of the software giant’s stock worth $203,119,000 after buying an additional 5,287 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on MSFT. Scotiabank began coverage on shares of Microsoft in a research report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target on the stock. Wells Fargo & Company cut their target price on Microsoft from $515.00 to $500.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Mizuho decreased their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Stifel Nicolaus dropped their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Morgan Stanley reduced their price objective on shares of Microsoft from $530.00 to $472.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $499.97.

Microsoft Stock Performance

NASDAQ MSFT opened at $367.78 on Monday. The company has a fifty day moving average price of $388.25 and a 200-day moving average price of $412.70. The firm has a market cap of $2.73 trillion, a price-to-earnings ratio of 29.61, a PEG ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the business posted $2.93 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.90%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.